How to close Motilal Oswal demat account online?

If these two points are met, traders can proceed directly to closing their account:

1. You should have Zero outstanding or underlying securities in the account,
2. There should be no outstanding or negative balance.

If you have some securities in your demat account, first transfer them to another Demat account and then close the account.

To close a Demat account online, follow these steps:

1. First, transfer the stock from the current depository participant to the new account. A receipt from DIS is required for this.
2. Fill out the form to transfer the securities, providing the relevant details and names of the stocks you wish to transfer and their ISIN.
3. Submit the form along with the attached documents in physical form to the DP or mail it if this option is available.
4. Before closing the account, make sure it does not have a negative balance. Pay all outstanding balances for the demat account.

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